IosephF353050 IosephF353050

03-11-2022
Mathematics

Answered

1. Your sister is considering the purchase of a home rather than renewing the lease on her two-bedroom apartment.She can afford $675 per month. Her bank offers first-time home buyers (with good credit) a 30-year mortgage at afixed rate of 5.49%. Use Excel’s PV function to determine what the most expensive house she can afford would be.(round to the hundredths places)

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